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Who is planning on spending their stimulus check on a new gun and what are you buying.
 

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I have plenty of handguns so now this check will be going for a new 6.5 creedmore Bergara rifle.


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I'm actually going to use mine to buy a little more stock
 

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I'm giving it to someone who actually needs it.
 

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Pretty hard for me to buy a new gun right now when nearly all the shops around me are closed. The two or three that are defying the lockdown order have very little worth buying left on their shelves. I suggest everyone hang onto their checks just in case the ride gets even more rough in the months ahead.
 

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I was looking to invest in ladies of the night, and nose candy.
I'll probably spend it on a gun though.
 

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Pretty hard for me to buy a new gun right now when nearly all the shops around me are closed. The two or three that are defying the lockdown order have very little worth buying left on their shelves. I suggest everyone hang onto their checks just in case the ride gets even more rough in the months ahead.
Wise counsel indeed. I won't get one, but if I did it would go to the "cash stash".
 

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Probably won’t be getting one. But I will be buying a SA Hellcat OSP. It’s been in the plans for a bit now.


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Had to put gun buy on hold - vet bill $3,000 ouch
 

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I am going to stick mine in my little mason jar of cash in the back of the gun safe for a while and see what happens down the road.
I have been looking at magazine fed semi auto shotguns but I won't be buying one any time soon.
 

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I withdrew a big portion of my 401(k) last year, so, I made too much to get in on this stimulus check. My actual income was right about the limit at $77,000, but, that withdrawal raised it over $200,000 for last year.
 

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yeahbut?

Not to be a Debbie Downer, but ...

Industry has been shut down for weeks.
Some common commodities are suddenly scarce.
Because of increased demand? Sure.
But that will increase prices regardless of the reason.

Will prices come down when supply catches up?
Some, yes. But not as much as we would likely want.

There is a stock of products sitting in stores and warehouses
waiting for business to reopen.
No replacements have been made during the shutdown.
Depending on demand when the stores reopen, prices will adjust.
But due to the long shutdown period of no sales (no income)
Don't expect any serious price discounts. In fact, maybe we ought
to expect prices to bubble up some.

Consumers are short of cash.
How much demand can we expect in the near future?
Or long term - second and third quarter of this year?
Or next year?

What I'm getting at is that I expect to see some inflation
happen in the near future. And I expect it will be sustained
for a while.

And I expect that inflation level will keep increasing until all of the
(so called) "un-essential" businesses have caught up.

It might be wiser to take that $1200 check and spend it now.

That would actually stimulate the economy - as intended.

And it would avoid your $1200 devaluing to $600 - or less -
by the end of the year.


Just a thought.
 

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Our stimulus checks will probably go towards paying our son's mortgage payment for a couple of months. He's in the auto sales business and is having a rough time.
 
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